XYZ's current situation in the Market

I have got the placement in XYZ, mumbai.
As per my knowledge XYZ is in very bad situation that the company is about to close.
On the other hand the company is recruiting people since last 2 months.
Some people says company is not having projects and so they are leaving the company because they have to seat on a bench(sitting ideal).
Any one can please tell me the current scenarios and pojects(means work ) that company is having.
I am so confuse what to do please help me by giving right information.
Please please do let me know as soon as possible.